BTC/GBP takes support at 21-DMA, break below targets 550
BTC/GBP continues to trade in the red on Friday and is trading below the 600 mark at 596 levels at the time of writing (Coinbase). Long-term trend: Bullish Ichimoku analysis of daily chart: Tenkan Sen: 595.74 Kijun Sen: …
BTC/GBP continues to trade in the red on Friday and is trading below the 600 mark at 596 levels at the time of writing (Coinbase).
Long-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 595.74
Kijun Sen: 578.38
Trend reversal: 532.55 (90 EMA)
On the topside, the pair faces resistance at 605 (61.8% retracement of 621.47 and 580.50) and any violation would target 621 levels (November 20 high). A consistent break above this level would see it testing 632 (127.2% retracement of 621.47 and 580.50)/ 650.
On the downside, the pair has taken support near 587.55 levels (21-day MA) is acting as a major support for the pair and a break below would target 568.22 (61.8% retracement of 535.30 and 621.47)/ 547.20 (November 13 low).
A separate 16-month sample ending in September 2026 found more than 87% of payments between $0.0001 and $0.10, but its window extends beyond the transaction tally’s cutoff.
